Hiscox (LON:HSX) Given New GBX 1,300 Price Target at Royal Bank Of Canada

Hiscox (LON:HSX - Get Free Report) had its price objective raised by equities researchers at Royal Bank Of Canada from GBX 1,125 ($15.10) to GBX 1,300 ($17.45) in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective points to a potential upside of 1.09% from the stock's previous close.

A number of other research firms have also weighed in on HSX. Berenberg Bank began coverage on Hiscox in a report on Thursday, May 29th. They issued a "buy" rating and a GBX 1,450 ($19.46) target price on the stock. Peel Hunt restated a "buy" rating and issued a GBX 1,460 ($19.60) target price on shares of Hiscox in a report on Thursday, July 3rd.

Hiscox Price Performance

Shares of HSX stock traded up GBX 6 ($0.08) during trading hours on Friday, reaching GBX 1,286 ($17.26). The company had a trading volume of 831,212 shares, compared to its average volume of 2,072,726. Hiscox has a 12 month low of GBX 1,008 ($13.53) and a 12 month high of GBX 1,360 ($18.26). The business has a fifty day simple moving average of GBX 1,255.80 and a 200-day simple moving average of GBX 1,164.21. The company has a market cap of £5.54 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of -2.30 and a beta of 0.65.

Hiscox Company Profile

Hiscox Ltd, through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally. The company operates through four segments: Hiscox Retail, Hiscox London Market, Hiscox Re & ILS, and Corporate Centre. It offers commercial insurance for small-and medium-sized businesses; and personal lines cover, including high-value household, fine art, and luxury motor, as well as artwork, antiques, classic cars, jewelry, collectables, and other assets through brokers, partners, and direct-to-consumers.